25 Indonesia’s Biggest Coal Producers

25 Indonesia’s Biggest Coal Producers

25 Indonesia’s Biggest Coal Producers- In Indonesia, there are 25 Indonesia’s Biggest Coal Producers. These companies have big role on influencing the production of coal in Indonesia. Indonesia is one of the World’s biggest coal producers. Statistically, the production of Steam Coal reached 610,936,000 metric tons based on World Mining Database in 2021.

25 Indonesia's Biggest Coal Producers- List of Companies

These company in article are state-owned company and public companies. They have listed their stock in the Indonesian Stock Market (IDX). With the public status, we can access the financial performance. So, in this article, we ranked the public companies because of its unrestricted access to financial Statements. So, the private coal companies are not analysed because of limited access to their financial statement. Here is the rank of 25 Indonesia’s Biggest Coal Producers. These data were ranked by Net income that companies have gotten in 2021. Some of the companies still do not publish the annual report in 2021 so, the value is still empty.

The Rank of 25 Indonesia’s Biggest Coal Producers Based on Net Income

RangkingName of CompanyRevenueRevenueNet IncomeNet Income
2020202120202021
Million US DollarMillion US DollarMillion US DollarMillion US Dollar
1Bayan Resources Tbk (BYAN)1,3952,8523441,265
2 Adaro Energy (ADRO)2,5343,9921581,028
3 Bukit Asam (PTBA)1,2372,090171574
4Indo Tambangraya Megah (ITMG)1,1852,07637475
5Golden Energy Mines Tbk (GEMS)1,0611,58595354
6 Dian Swatastika Sentosa Tbk (DSSA)1,5072,164-57265
7ABM Investama6061,021-23247
8Bumi Resources Tbk(BUMI)7901,008-337233
9Baramulti Suksessarana Tbk(BSSR)33169130205
10Mitrabara Adiperdana Tbk (MBAP)20130927100
11Harum Energy Tbk (HRUM)1573366098
12TBS Energi Utama Tbk (TOBA)3314623565
13 Indika Energy (INDY)1,8133,069-10363
14Samindo Resources Tbk (MYOH)1731602226
15Resource Alam Indonesia Tbk (KKGI)72132-823
16Golden Eagle Energy Tbk (SMMT)14.936-1.617
17Sumber Energi Andalan Tbk (ITMA)0.10.212.412.2
18Batulicin Nusantara Maritim Tbk (BESS)21283.68
19Darma Henwa Tbk (DEWA)3033222.31.4
20Delta Dunia Makmur Tbk (DOID)610910-230.2
21Dwi Guna Laksana Tbk (DWGL)0.110.160.00250.006
22Perdana Karya Perkasa (PKPK)1.20.20.01-0.06
23 Exploitasi Energi Indonesia Tbk (CNKO)63-18
24Borneo Olah Sarana Sukses Tbk(BOSS)12-7
25Akbar Indo Makmur Stimec Tbk(AIMS)0.3370.061
Source : Annual Report 2020 &2021
Currency Rate : 1 US Dollar = 14.000 IDR
Information : Company with Empty values still don’t published the Annual Report in 2021

As some additional data, we also published some assets, liabilities, and Equities of Indonesian Coal Producers in 2021 and 2020. These data were obtained from the balance sheet and Annual reports from each company in 2020 and 2021. The blank value describes that the company still does not publish an annual report in 2021 at that time.

The Assets, Liabilities, and Equities of Indonesia Coal Producers

RankName of CompanyAssetsAssetsLiabilitiesLiabilitiesEquitiesEquities
202020212020202120202021
Million US DollarMillion US DollarMillion US DollarMillion US DollarMillion US DollarMillion US Dollar
1 Bukit Asam (PTBA)1,7182,5805088471,2101,733
2 Adaro Energy (ADRO)63817,5862,4293,1283,9524,458
3 Indika Energy (INDY)3,4943,6912,6262,807868884
4Indo Tambangraya Megah (ITMG)1,1581,6663214648371,202
5Bayan Resources1,6192,4335707581,0491,675
6Akbar Indo Makmur Stimec Tbk(AIMS)1.40.570.83
7Bumi Resources Tbk(BUMI)3,4284,2233,2953,577133646
8Batulicin Nusantara Maritim Tbk (BESS)444721162331
9Borneo Olah Sarana Sukses Tbk(BOSS)49436
10Baramulti Suksessarana Tbk(BSSR)26343572182191253
11 Exploitasi Energi Indonesia Tbk (CNKO)79161-82
12Darma Henwa Tbk (DEWA)550563281292269271
13Delta Dunia Makmur Tbk (DOID)97416357101370264265
14 Dian Swatastika Sentosa Tbk (DSSA)2,9003,0101,3111,2591,5891,751
15Dwi Guna Laksana Tbk (DWGL)0.050.0880.050.070.0030.009
16Golden Energy Mines Tbk (GEMS)813829464512349317
17Harum Energy Tbk (HRUM)49887443223455651
18Sumber Energi Andalan Tbk (ITMA)1601830.210159.8173
19Resource Alam Indonesia Tbk (KKGI)10813224338499
20Mitrabara Adiperdana Tbk (MBAP)1812574357138200
21Samindo Resources Tbk (MYOH)1511632223129140
22Golden Eagle Energy Tbk (SMMT)627522164059
23TBS Energi Utama Tbk (TOBA)771858480503291355
24ABM Investama8271036665679162357
25Perdana Karya Perkasa (PKPK)4.94.62.82.82.11.8
Source : Annual Report 2020 &2021
Currency Rate : 1 US Dollar = 14.000 IDR
Information : Company with Empty values still don’t published the Annual Report in 2021

Brief Description of 25 Indonesia’s Biggest Coal Producers


1.Bayan Resources Tbk (BYAN) 

Bayan’s history started with the purchasing coal mining concession in November 1997 located in Muara Tae, East Kalimantan namely GBP by Dato’ DR. Low Tuck Kwong. Nowadays, this company has total number of employees around 2,876 of people

25 Indonesia's Biggest Coal Producers- Bayan Resource

Statistically, the revenue of Bayan Resources (BYAN) in 2020 is 1,395 million US Dollars an2,852 million US Dollars in 2021. Furthermore, the net income of Bayan Resources in 2020 reached 344 million US Dollars and 1,265 million US Dollars in 2021.

2. Adaro Energy (ADRO)             

Adaro Energy Indonesia is one of the biggest coal producers in Indonesia. Its main location is in South Kalimantan. This company has the brand of Envirocoal, low-pollutant thermal coal. Furthermore, Adaro Energy Indonesia also has metallurgical coal assets across the spectrum from semisoft coking coal to premium-hard coking coal in Indonesia and Australia. In 2021, the Adaro Group achieved total coal sales of 51.58 Metric tons with destination markets in China, India, and some Southeast Asia countries.

25 Indonesia's Biggest Coal Producers- Adaro

Based on the annual report for 2020 and 2021, the revenue of Adaro in 2020 reached 2,534 million US Dollars and 3,992 million US Dollars in 2021. Meanwhile, the net income in 2020 reached 158 million US Dollars and 1,028 million US Dollars in 2021.

3. Bukit Asam (PTBA)    

This company is state-owned company through 60% ownership via Indonesia Asahan Aluminium (Inalum). This company has 1,827 employees until 2021. Based on the performance in 2021, this company has production in 2021 reached thirty million tons and can sale 28.3 million tons with main exploration site in Tanjung Enim, South Sumatra

25 Indonesia's Biggest Coal Producers- Bukit Asam

Overall, financially, Bukit Asam’s revenue in 2020 reached 1,237 million US Dollars and 2,090 million US Dollars in 2021. Furthermore, the net income of Bukit Asam in 2020 reached 171 million US Dollars and 574 million US Dollars in 2021.

4.Indo Tambangraya Megah (ITMG)

Historically, Indo Tambangraya Megah Tbk. (ITMG) was founded in 1987. As of December 31st, 2020, this company has 311 million tons with some site locations spread across in South Kalimantan, East Kalimantan, and Central Kalimantan. Along with the development of the company business, Indo Tambangraya has 2.300 of employees. Based on the ownership, the majority shareholder is Banpu Minerals (Singapore) Pte with 60% of ownership.

25 Indonesia's Biggest Coal Producers- ITMG

Statistically, Indo Tambangraya Megah (ITMG) can generate revenue 1,185 million US dollars in 2020 and 2,076 in 2021. Meanwhile, the net income of ITMG reached 37 million US dollars in 2020 and 475 million US Dollar in 2021.

5. Golden Energy Mines Tbk (GEMS)      

Historically, this company was founded in 1997 with the name PT Bumi Kencana Eka Sakti and then changed its name to PT Golden Energy Mines Tbk on November 16th, 2010. On December 10th, 2009, the Company was acquired by PT Dian Swastatika Sentosa by taking over 99.99% of ownership. This acquisition made Golden Energy Mines as part of Sinar Mas Group.

25 Indonesia's Biggest Coal Producers- Golden Energy Mines

Overall, Golden Energy Mines can generate revenue of around 1,061 million US Dollars in 2020 and 1,585 million US Dollars in 2021. Furthermore, the net income of Golden Energy Mines reached 95 million US Dollars in 2020 and 354 million US Dollars in 2021.

6. Dian Swastatika Sentosa Tbk (DSSA) 

25 Indonesia's Biggest Coal Producers- Dian Swastatika

Dias Swastatika Sentosa is a part of Sinar Mas Group. Statistically, Dian Swastatika Sentosa generates revenue 1,507 million US Dollars in 2020 and 2,164 million US Dollars in 2021. In addition, in 2020, Dian Swastika suffered net loss around -57 million US Dollars in 2020 but generated net income in 2021 around 265 million US Dollars.

7.ABM Investama          

25 Indonesia's Biggest Coal Producers-ABM

This company was part of PT Tiara Marga Trakindo group. Statistically, ABM Investama generated revenue 606 million US dollars in 2020 and 1,021 million US dollars in 2021. Furthermore, in 2020, this company suffered a net loss around -23 million US dollars but gained net income of around 247 million US Dollars in 2021.

8.Bumi Resources Tbk (BUMI)  

25 Indonesia's Biggest Coal Producers- BUmi Resources

This company was founded in 1973 with the name of Bumi Modern. Statistically, Bumi Resources has revenue 790 million US Dollar in 2020 and 1,008 million US Dollars in 2021. Furthermore, in 2020, this company suffered net loss -337 million US Dollars 2019 but gained a net income of around 233 million US Dollar in 2021.

9.Baramulti Suksessarana Tbk (BSSR)    

PT Baramulti Suksessarana Tbk (“BSSR”) was established in 1990 with some exploration sites in, located in South Kalimantan and East Kalimantan. In 2021, this company can produce 13.96 million tons of coal with 13.76 million tons of sales. Some of their coal was exported to China, South Korea, and the Philippines.

25 Indonesia's Biggest Coal Producers_ Baramulti Suksesarana

Financially, Baramulti gained revenue of 331 million US Dollars in 2020 and 691 million US Dollars in 2021. Furthermore, this company earned a net income of around 30 million US dollars in 2020 and 205 million US Dollars in 2021.

10.Mitrabara Adiperdana Tbk (MBAP)  

Mitrabara was founded on October 28th, 1992, with site production in Malinau, North Kalimantan. Now, in 2021, this company has mining sites of around 1.930 hectares. Overall, this company can produce 3.91 million tons of Coal in 2021 and 4.1 million tons of sales.

25 Indonesia's Biggest Coal Producers- Mitrabara Adiperdana

Statistically, Mitrabara Adiperdana gained revenue of 201 million US Dollars in 2020 and 309 million US Dollars in 2021. Furthermore, this company earned a net income of 27 million US Dollars in 2020 and      100 million US Dollars in 2021.

11.Harum Energy Tbk (HRUM)  

This company was founded on October 12th, 1995, with total employees of around 716 people. In 2021, this company can produce 3.2 million tons of coal with 3.5 sales of coal. Based on production, this company has with some site’s locations across East Kalimantan, Central Kalimantan, and Maluku.

25 Indonesia's Biggest Coal Producers- Harum Energy

Financially, Harum Energy got revenue of 157 million US Dollars in 2020 and 336 million US Dollars in 2021. In addition, this company also got net income of 60 million US Dollars in 2020 and 98 million US Dollars in 2021.

12.TBS Energi Utama Tbk (TOBA)           

TBS Energi Utama was founded on August 3rd, 2007, with total employees around 644 of people as of 2021. The majority shareholder is Highland Strategic Holdings, Pte Ltd with 61% of ownership.

25 Indonesia's Biggest Coal Producers- TBS Energy UTama

Statistically, TBS Energy Utama got revenue of 331 million US Dollars in 2020 and 462 million US Dollars in 2021. Furthermore, the net income of this company in 2020 reached 35 million US Dollars and 65 million US Dollars in 2021.

13. Indika Energy (INDY)            

25 Indonesia's Biggest Coal Producers- INdika Energy

Indika Energy was founded in 2000 with some coal business segments. Financially, Indika Energy gained revenue of 1,813 million US Dollars and 3,069 million US Dollars in 2021. Furthermore, this company suffered a net loss of -103 million US Dollars in 2020 but gained a net income of around 63 million US Dollars in 2021.

14.Samindo Resources Tbk (MYOH)

25 Indonesia's Biggest Coal Producers_ Samindo Resources

Historically, Samindo Resources was founded in 1996. Statistically, Samindo Resources gained revenue of 173 million US Dollars in 2020 and 160 million US Dollars in 2021. Furthermore, the net income of Samindo in 2020 reached 22 million US Dollars and 26 million US Dollars in 2021,

15.Resource Alam Indonesia Tbk (KKGI)             

25 Indonesia's Biggest Coal Producers- Resource Alam Indonesia

Resource Alam Indonesia has some mining sites across Simpang Pasir, Bayur, Tani Bakni, Gunung Pinang, Loa Janan, Perangat, dan Maukiri. Statistically, Resource Alam Indonesia gained revenue of 72 million US Dollars in 2020 and 132 million US Dollars in 2021. Furthermore, this company suffered net loss -8 million US Dollars in 2020 but gained a net income of around 23 million US Dollars in 2021.

16.Golden Eagle Energy Tbk (SMMT)     

25 Indonesia's Biggest Coal Producers- Golden Eagle Energy

PT Golden Eagle Energy Tbk was founded in 1980 with the name PT The Green Pub with some site locations in Palaran, Samarinda, East Kalimantan. Financially, Golden Eagle Energy gained revenue of 14.9 million US Dollars and 36 million US Dollars in 2021, Furthermore, this company suffered net loss in 2020 around -1.6 million US Dollars but gained net income in 2021 of around 17 million US Dollars.

17.Sumber Energi Andalan Tbk (ITMA) 

25 Indonesia's Biggest Coal Producers- Energi Andalan

This company was founded on November 20, 1987. Financially, Sumber Energy Andalan gained the revenue around 0.1 million US Dollars in 2020 and 0.2 million US Dollars in 2021. Furthermore, this company also earned a net income of around 12.4 million US Dollars in 2020 and 12.2 million US Dollars in 2021.

18. Batulicin Nusantara Maritim Tbk (BESS)       

25 Indonesia's Biggest Coal Producers- Batulicin Nusantara Maritim

This company was founded on May 25th, 2011, that has a central office in Batulicin, Tanah Bumbu, South Kalimantan. Financially, Batulicin Nusantara gained revenue of around 21 million US Dollars in 2020 and 28 million US Dollars in 2021. Furthermore, this company earned a net income of around 3.6 million US Dollars in 2020 and 8 million US Dollars in 2021.

19. Darma Henwa Tbk (DEWA) 

25 Indonesia's Biggest Coal Producers- Darma Henwa

Darma Henwa was founded in 8 Oktober 1991. Financially, Darma Henwa gained revenue of 303 million US Dollars in 2020 and 322 in 2021. Furthermore, this company earned a net income of 2.3 million US Dollars in 2020 and 1.4 million US Dollars in 2021.

20. Delta Dunia Makmur Tbk (DOID)     

Delta Dunia was established on November 26, 1990. Based on the ownership, Norstar Tambang Persad still becomes major shareholder with 37% of ownership and the rest of them is public shareholders.

25 Indonesia's Biggest Coal Producers-Delta Dunia

Financially, Delta Dunia Makmur gained revenue of 610 million US Dollars in 2020 and 910 million US Dollars in 2021. Furthermore, this company suffered a net loss of around -23 million US Dollars but gained net income around 0.2 million US Dollars in 2021.

21. Dwi Guna Laksana Tbk (DWGL)

PT Dwi Guna Laksana (DGL) was founded in 1986 and has coal mine and port in Tanah Laut and Banjar in SOuth Kalimantan. Financially, Dwi Guna Laksana gained revenue of 0.11 million US Dollars in 2020 and 0.16 million US Dollars in 2021. Furthermore, this company gained net income of around 0.0025 million US Dollars in 2020 and 0.006 million US Dollars in 2021.

22. Perdana Karya Perkasa (PKPK)         

Perdan Karya Perkasa started the business in 1983. Financially, Perdana Karya Perkasa gained revenue of 1.2 million US Dollars in 2020 and 0.2 million US Dollars in 2021. Furthermore, this company gained net income 0.01 million US Dollars in 2020 but suffered a net loss of around -0.06 million US dollars in 2022.

23. Exploitasi Energi Indonesia Tbk (CNKO)        

The Establishment of this company was in on September 13th, 1999, under the name of PT Central Korporindo International. In 2010, its company changed its name to PT Exploitasi Energi Indonesia. Financially, Exploitasi Energi Indonesia gained revenue of 63 million US Dollars in 2020 but suffered a net loss of around -18 million US Dollars.          

24. Borneo Olah Sarana Sukses Tbk (BOSS)        

The Establishment of Borneo Olah Sarana was in July 2011. Financially, Borneo Olah Sarana Sukses gained a revenue of 12 million US Dollars in 2020 but suffered a net loss of around -7 million US Dollars.

25. Akbar Indo Makmur Stimec Tbk (AIMS)        

Financially, Akbar Indo Makmur gained a revenue of 0.337 million US Dollars in 2020 and net income of 0.061 million US Dollars in 2020.


Bibliography of 25 Indonesia’s Biggest Coal Producers

International Organizing Committee for The World Mining Congresses. 2021. World Mining Data 2021. Accessed via https://www.world-mining-data.info/?World_Mining_Data___PDF-Files  on January 10th, 2022.

Bayan Resources Tbk. Annual Report 2021. Accessed via https://www.bayan.com.sg/laporan-tahunan  on May 20th, 2022

Adaro Energy. Annual Report 2021. Accessed via https://www.adaro.com/pages/read/10/42/Annual%20Report  on May 20th, 2022

Bukit Asam. Annual Report 2021. Accessed via https://www.ptba.co.id/laporan/laporan-tahunan  on May 20th, 2022

Indo Tambangraya Megah. Annual Report 2021. Accessed via https://itmg.co.id/en/investor-relations/investor-updates  on May 20th, 2022

Golden Energy Mines Tbk. Annual Report 2021. Accessed via https://www.goldenenergymines.com/investor-relation/annual-report/  on May 20th, 2022

Dian Swatastika Sentosa. Annual Report 2021. Accessed via https://dssa.co.id/en/hubungan-investor/laporan-tahunan  on May 20th, 2022

ABM Investama. Annual Report 2021. Accessed via https://www.abm-investama.com/menu/16/financial-reports  on May 20th, 2022

Bumi Resources Tbk. Annual Report 2021. Accessed via http://www.bumiresources.com/en/investor-relations#financialstatements  on May 20th, 2022

Baramulti Suksessarana Tbk. Annual Report 2021. Accessed via http://www.bssr.co.id/index.php/investor-relations/annual-report  on May 20th, 2022

Mitrabara Adiperdana Tbk. Annual Report 2021. Accessed via https://mitrabaraadiperdana.co.id/investors/annual-report  on May 20th, 2022

Harum Energy Tbk (HRUM). Annual Report 2021. Accessed via http://www.harumenergy.com/id/investor-relations/38/laporan-keuangan  on May 20th, 2022

TBS Energi Utama Tbk. Annual Report 2021. Accessed via https://www.tbsenergi.com/investor-relations/annual-report  on May 20th, 2022

Indika Energy.Annual Report 2021. Accessed via https://www.indikaenergy.co.id/id/investor/  on May 20th, 2022

Samindo Resources Tbk. Annual Report 2021. Accessed via https://samindoresources.com/investor/annual-report on May 20th, 2022

Resource Alam Indonesia Tbk. Annual Report 2021. Accessed via https://www.raintbk.com/investor-center/the-case-for-rain  on May 20th, 2022

Golden Eagle Energy Tbk. Annual Report 2021. Accessed via http://www.go-eagle.co.id/annual-report  on May 20th, 2022

Sumber Energi Andalan Tbk. Annual Report 2021. Accessed via https://energi-andalan.co.id/annual-reports/  on May 20th, 2022

Batulicin Nusantara Maritim Tbk. Annual Report 2021. Accessed via https://batulicinnusantaramaritim.com/laporan-tahunan/  on May 20th, 2022

Darma Henwa Tbk. Annual Report 2021. Accessed via https://www.ptdh.co.id/annual-report  on May 20th, 2022

Delta Dunia Makmur Tbk. Annual Report 2021. Accessed via https://deltadunia.com/id/pusat-investor/laporan-tahunan/ on May 20th, 2022

Dwi Guna Laksana Tbk. Annual Report 2021. Accessed via https://dwigunalaksana.co.id/investor_relation/ on May 20th, 2022

Perdana Karya Perkasa. Annual Report 2021. Accessed via https://www.pkpk-tbk.co.id/company-report  on May 20th, 2022

Exploitasi Energi Indonesia Tbk. Annual Report 2020. Accessed via http://energigroupindonesia.com/financial-highlight/annual-report/ on May 20th, 2022

Borneo Olah Sarana Sukses Tbk. Annual Report 2020. Accessed via https://www.bosscoal.com/investor-relation/annual  on May 20th, 2022

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